Finolex Industries Profile
Key Indicators
- Authorised Capital ₹ 235.00 Cr
- Paid Up Capital ₹ 124.10 Cr
- Company Age 43 Year, 11 Months
- Last Filing with ROC 31 Mar 2024
- Satisfied Charges ₹ 2,024.43 Cr
- Revenue Growth -4.48%
- Profit Growth -77.54%
- Ebitda -71.42%
- Net Worth 24.88%
- Total Assets 17.51%
About Finolex Industries
Finolex Industries Limited (FIL) is a leading Public Limited Indian Non-Government Company incorporated in India on 28 March 1981 and has a history of 43 years and 11 months. Its registered office is in Pune, Maharashtra, India.
It is listed on the Bombay Stock Exchange(BSE) under the ticker symbol 500940 and on the National Stock Exchange(NSE) under FINPIPE.
The Corporate was formerly known as Finolex Pipes Limited. The Company is engaged in the Manufacturing Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 235.00 Cr and a paid-up capital of Rs 124.10 Cr.
The company has closed loans amounting to ₹2,024.43 Cr, and has no open charges as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Finolex Industries Limited India are Chandan Verma as CFO and Dakshinamurthy Iyer as Company Secretary. Kanchan Chitale, Saurabh Dhanorkar, Prakash Chhabria, and Seven other members serve as directors at the Company.
Company Details
- Location
Pune, Maharashtra, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
Industry
Manufacturing
What products or services does Finolex Industries Limited offer?
Finolex Industries Limited offers a wide range of products and services, including PVC, FRP, HDPE & Other Plastic Pipes, Plumbing Pipe, Wash Basins, Sanitaryware & Fittings, Plumbing Traps, Indoor Lights & Lighting Accessories, CFL Light, PVC, CPVC, HDPE Water Pipe Fittings, Plastic Pipe Cap, Casing Pipes, Pipe Adapters.
Who are the key members and board of directors at Finolex Industries?
Executive Team (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Saurabh Dhanorkar  | Managing Director | 11-Aug-2017 | Current |
| Chandan Verma | CFO | 28-Jan-2025 | Current |
| Dakshinamurthy Iyer | Company Secretary | 31-May-2024 | Current |
Board Members (9)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Vijay Bhatt | Director | 19-Sep-2024 | Current |
| Munesh Khanna | Director | 19-Sep-2024 | Current |
| Kanchan Chitale | Director | 01-Apr-2019 | Current |
| Prakash Chhabria | Whole-Time Director | 13-Mar-1992 | Current |
| Ritu Chhabria | Director | 21-Mar-2015 | Current |
| Aditya Sapru | Director | 19-Sep-2024 | Current |
Financial Performance of Finolex Industries.
Finolex Industries Limited, for the financial year ended 2023, experienced Minor drop in revenue, with a 4.48% decrease. The company also saw a substantial fall in profitability, with a 77.54% decrease in profit. The company's net worth Soared by an impressive increase of 24.88%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
| Metrics |
| (FY 2022) | (FY 2021) | (FY 2020) | (FY 2019) | ||
|---|---|---|---|---|---|---|---|
| Total Revenue |
| ||||||
| Revenue from Operations |
| ||||||
| Total Assets |
| ||||||
| Profit or Loss |
| ||||||
| Net Worth |
| ||||||
| EBITDA |
|
What is the Ownership and Shareholding Structure of Finolex Industries?
In 2023, Finolex Industries had a promoter holding of 52.47% and a public holding of 47.51%. The company had 2 Associate Companies. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Switch Mobility Automotive LimitedAditya Sapru is a mutual person
Sanathan Textiles LimitedDebabrata Sarkar is a mutual person
Ndl Ventures LimitedMunesh Khanna and Debabrata Sarkar are mutual person
Jyothy Labs LimitedAditya Sapru is a mutual person
Jk Files & Engineering LimitedVijay Bhatt is a mutual person
Idl Explosives LimitedDebabrata Sarkar is a mutual person
Charges (Loans)
Open Charges
₹0
Satisfied Charges
₹2,024.43 Cr
Charges Breakdown by Lending Institutions
- Bank Of India : 1395.75 Cr
- Axis Trustee Services Limited : 250.00 Cr
- Central Bank Of India : 100.00 Cr
- Il&Fs Trust Company Limited : 100.00 Cr
- Uti Bank Limited : 75.00 Cr
- Others : 103.68 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 03 Apr 2014 | Axis Trustee Services Limited | ₹100.00 Cr | Satisfied |
| 28 Sep 2012 | Central Bank Of India | ₹100.00 Cr | Satisfied |
| 05 Mar 2010 | Axis Trustee Services Limited | ₹50.00 Cr | Satisfied |
| 16 Feb 2009 | Axis Trustee Services Limited | ₹100.00 Cr | Satisfied |
| 28 Mar 2008 | Axis Bank Limited | ₹34.52 Cr | Satisfied |
How Many Employees Work at Finolex Industries?
Finolex Industries has a workforce of 1506 employees as of Apr 03, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Finolex Industries, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Finolex Industries's trajectory.
Rating
Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.
Alerts
Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.
Latest Updates, News, and FAQs on Finolex Industries
Recent activity within the organization
- Director Appointment
Chandan Verma was appointed as a Cfo was appointed as a Cfo on 28 Jan 2025 & has been associated with this company since 1 month 27 days .
- Director Appointment
Pradeep Kanjibhai Udhas was appointed as a Director was appointed as a Director on 30 Sep 2024 & has been associated with this company since 5 months 27 days .
- Director Appointment
Munesh Narinder Khanna was appointed as a Director was appointed as a Director on 19 Sep 2024 & has been associated with this company since 6 months 8 days .
- Director Appointment
Aditya Sapru was appointed as a Director was appointed as a Director on 19 Sep 2024 & has been associated with this company since 6 months 8 days .
- Director Appointment
Vijay Nautamlal Bhatt was appointed as a Director was appointed as a Director on 19 Sep 2024 & has been associated with this company since 6 months 8 days .
- Annual General Meeting
Finolex Industries Limited last Annual general meeting of members was held on 18 Sep 2024 as per latest MCA records.
Recent News, Updates & Announcement
- Finolex Industries: Strong Profit Growth Despite PVC Price Drop, Ready to Capitalize on Increasing Demand for Pipes in Recovering Economy.
Finolex Industries: Making PVC pipes and fittings in India since forever. Just announced 10% increase in profit despite PVC price drop. Strong margins, volume growth, and liquidity. Total revenue slightly lower, but EBITDA up by 21%. PVC Pipes & Fittings volume up by 28%, PVC Resin volume down by 27%. Strong balance sheet with Rs. 1,650 Cr cash. Chairman says economy recovering, demand for pipes increasing. Finolex Pipes ready to take advantage. #BossMoves #PVCproud #FinolexIndustries.
Frequently asked questions
What is the Incorporation or founding date of Finolex Industries Limited?
Finolex Industries Limited was incorporated on 28 Mar 1981.
What is authorized share capital and paid-up capital of Finolex Industries Limited?
The authorized share capital of Finolex Industries Limited is ₹ 235.00 Cr and paid-up capital is ₹ 124.10 Cr.
Who are the current board members & directors of Finolex Industries Limited?
Currently 12 directors are associated with Finolex Industries Limited.
- Kanchan Uday Chitale
- Saurabh Sarvottam Dhanorkar
- Prakash Pralhad Chhabria
- Ritu Prakash Chhabria
- Munesh Narinder Khanna
- Aditya Sapru
- Vijay Nautamlal Bhatt
- Pradeep Kanjibhai Udhas
- Debabrata Sarkar
- Saumya Chakrabarti
- Chandan Verma
- Dakshinamurthy Vishwanathan Iyer
What is the registered address of Finolex Industries Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Finolex Industries Limited is Gat No.399 Village Urse Taluka Maval, India, District Pune, Maharashtra, 410506.
What is the corporate identification number (CIN) and company number of Finolex Industries Limited?
The corporate identification number (CIN) of Finolex Industries Limited is L40108PN1981PLC024153 and the company number is 024153 as per Ministry of Corporate Affairs (MCA).
Is Finolex Industries Limited registered with any stock exchange in India?
Yes, Finolex Industries Limited is registered on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE): FINPIPE.
What is the official website of Finolex Industries Limited?
The Official website of Finolex Industries Limited is https://www.finolexpipes.com
What has been the recent revenue trend for Finolex Industries Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Finolex Industries Limited has fallen by -4.48%.
How many employees does Finolex Industries Limited currently have?
As Per 2023 financial reports, 1506 employees are currently employed by Finolex Industries Limited.
What change has been observed in the net worth of Finolex Industries Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Finolex Industries Limited has experienced an upsurge of 24.88%.
When was the last Balance Sheet of Finolex Industries Limited filed with the ROC?
The most recent Balance Sheet for Finolex Industries Limited was filed with the ROC on 31 Mar 2024.
People also Viewed
Sanjay MathManaging Director
Sanjay AsherDirector
Bhumika BatraDirector
Anami RoyDirector
Ajit VenkataramanManaging DirectorPC
Pralhad ChhabriaDirectorSP
Subramaniam PanyamWholetime DirectorPB
Proshanto BanerjeeDirector